A lot of those were likely assumed to be fixed costs. Obviously it was not an overwhelmingly successful business if they could not absorb the extra expenses, but according to the article fuel prices, which are likely one of their biggest variable expenses, had more than quadrupled. I’m not sure the margin cruises are making, but there are a lot of businesses closing because of fuel prices, so they’re not alone there.
This is a horrible way to deal with the issue though. I’m not sure what recourse the passengers have because they signed up for 3 years and only got 2, but I hope they are able to be made whole.
A lot of those were likely assumed to be fixed costs. Obviously it was not an overwhelmingly successful business if they could not absorb the extra expenses, but according to the article fuel prices, which are likely one of their biggest variable expenses, had more than quadrupled. I’m not sure the margin cruises are making, but there are a lot of businesses closing because of fuel prices, so they’re not alone there.
This is a horrible way to deal with the issue though. I’m not sure what recourse the passengers have because they signed up for 3 years and only got 2, but I hope they are able to be made whole.